In Malaysia, FXCM is like a snarl-up on the Federal Highway. Fast. Loud. Full of surprises. One minute you cruise. The following minute there were brake lights all over. The trick is to know when to speed up and when to cool.

Start with regulation. This section is even better than showy indicators. Bank Negara Malaysia is the overseer in Malaysia. When a broker evades regulation inquiries then that is the signal to leave. No drama. Plenty of fish in the sea.

Narrow down to currency pairs that are local. USD /MYR is in the spotlight, but one should not overlook AUD/USD or USD/JPY. The liquidity of Asian session acts differently. It’s calmer. Sometimes sleepy. That will be to your advantage in case you abhor wild swings before you eat breakfast.

Leverage is tempting. Similar to additional sambal with nasi lemak. A little adds flavor. Too much ruins the meal. Most traders recklessly wipe accounts by turning leverage. Keep it boring. Boring keeps you alive.

Timing beats talent. The London-New York nexus is a fire maker. The later you trade the office hours, the more the whipsaws and moves will be quicker. The traders in the morning receive slower candles. Night dealers receive adrenaline. Take your medicine, but not the two mixed together half-waking.

Risk management is not a glamorous thing but it pays rent. Permanent risk per trade out does it four times over. One ill trade must sting, not cut. Your position size is incorrect should you be able to feel your pulse in your ears. Simple as that.

Charts tell stories. Candlesticks gossip. The assistance and opposition are like transparent obstacles. Price remembers them. Ornamental indicators are smart but bare charts can be more eloquent. Less clutter. More clarity.

Do not be addicted to signal groups. The excitement of telegram tips is good until three contradict. Learn to trust your own read. Paper trade first. Fake money should lose first before losing real ringgit. Cheap lesson.

Mind your psychology. Losses happen. The good traders too have ugly days. Walk away after a bad streak. The market will be available tomorrow again. It always is.

Take forex as a business and not a lottery counter. Keep a journal. Write your reason of entry, reason of leaving and how you felt. You will see regularities in your conduct sooner than on any graph.

And the last, patience is better than prediction. It is not the market that owes anybody profits. Trade what you see. Not what you hope.